One question that keeps puzzling me - in general, not necessarily limited to Paypal: what kind of dynamic causes gross profit margins to trend lower but operating margins to be steady or even increase?
I wonder if there is a pattern to be recognized among different companies.
Nice article, thanks :)
One question that keeps puzzling me - in general, not necessarily limited to Paypal: what kind of dynamic causes gross profit margins to trend lower but operating margins to be steady or even increase?
I wonder if there is a pattern to be recognized among different companies.